There Is a Newer Version of this Section
  1. 2024 California Code
  2. 2023 California Code
  3. 2022 California Code
  4. 2021 California Code (here)
  5. View All Versions
View Our Newest Version Here

2021 California Code
Education Code - EDC
TITLE 1 - GENERAL EDUCATION CODE PROVISIONS
DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS
PART 10.5 - SCHOOL FACILITIES
CHAPTER 7 - Energy Efficiency
Section 17651.

Universal Citation:
CA Educ Code § 17651 (2021)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next
17651.  

(a) School districts may borrow funds from federal or state regulated financial institutions for the purposes of design and construction costs associated with retrofitting school buildings to become more energy efficient. School districts shall only be authorized to borrow an amount which does not exceed that which can be repaid from energy cost avoidance savings accumulated from the improvement of school facilities.

(b) Any savings and loan association may make loans or advances of credit pursuant to subdivision (a) in an amount not in excess of 5 percent of its total assets. This investment may be in addition to any other investment savings and loan associations are permitted to undertake under Section 6705.7 of the Financial Code.

(Added by Stats. 1996, Ch. 277, Sec. 3. Effective January 1, 1997. Operative January 1, 1998.)

Previous Next
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.